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Gazprombank not to enter Ukraine's market

      RBC, 02.08.2007, Moscow 13:15:18.Gazprombank has ended talks on its expansion into Ukrainian bank market, a scource close to the bank told journalists today. However, the reasons for this decision remain unclear.

      As reported earlier, Gazprombank's management was planning to purchase a total of ten regional banks in Russia and Ukraine as part of the bank's development strategy.

      However, the source pointed out that Gazprombank was looking into the possibility of working on the Armenian market. The bank is considering a purchase of an Armenian bank or an opening of its own subsidiary in the republic.

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